Mubasher: Medicare Group posted a 14% year-on-year surge in its net profits during the first quarter of 2018.
Profits amounted to QAR 20.45 million in Q1-18, compared to QAR 17.87 million in the same quarter a year earlier, according to the group’s filing to the Qatar Stock Exchange (QSE) issued late Monday.
Earnings per share (EPS) recorded QAR 0.73 for the three-month period ended 31 March 2018 versus QAR 0.64 in the same quarter the year before, the QSE-listed frim noted.
For the full-year 2017, profits of the Qatar-based company grew 22.8% to QAR 80 million, compared to QAR 65.18 million in the previous year.
In March, the group’s board had approved distributing a cash dividend of QAR 4 per share, equals 40% of the share’s nominal value.
